IRS Medical Mileage on the Medical Expense Deduction. Much like the mileage deduction, you can use two methods to calculate car-related expenses for this deduction. The actual expense method lets you include out-of-pocket expenses like gas and oil.
Disregarded Entity Definition - What is a Disregarded Entity? What is a disregarded entity? A disregarded entity is a business entity which is considered to be an undivided part of the owner of the entity for federal tax purposes. That is, the entity is disregarded as an entity separate from the owner.
Disregarded Entity on Business Tax Forms. You may have seen the term disregarded entity on a tax form. For example, it might be included in a discussion of the single-member LLC business entity. You may also have seen this term when you are applying for a tax ID number (an Employer ID Number) for your business.